Turnkey Multi-Family Investment
For Sale
$1,999,999
603 N Prospect Street, Cambridge, IL 61238
MULTI_FAMILY - Cambridge, IL
Lot Size1.06 Acres
Days on Market410
Property Features for 603 N Prospect Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MULTI
Bedrooms
18
Bathrooms
40
Full bathrooms
40
Rooms
Bathroom 30, Bathroom 24, Bathroom 19, Bedroom 5, Bedroom 1, Bathroom 21, Bathroom 16, Bathroom 15, Bedroom 10, Bathroom 14, Bedroom 9, Bedroom 14, Bathroom 34, Bedroom 16, Bathroom 18, Bathroom 29, Bathroom 2, Bathroom 5, Bathroom 12, Bathroom 36, Bathroom 38, Bathroom 33, Bathroom 11, Bathroom 13, Bathroom 4, Bathroom 31, Bedroom 7, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 17, Bathroom 25, Bathroom 39, Bathroom 32, Bathroom 20, Bathroom 28, Bedroom 15, Bathroom 27, Bathroom 7, Bedroom 13, Bathroom 3, Bathroom 22, Bedroom 8, Bathroom 10, Bathroom 17, Bathroom 26, Bathroom 40, Bathroom 37, Bedroom 18, Bathroom 23, Bathroom 35, Bedroom 11, Bathroom 8, Bathroom 9, Bathroom 6, Bedroom 12
Directions
Division St. to east on 10th Ave. to property
Subdivision
Out of Area West
Standard status
Active
APN
1807202012
Lot size
1.06 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
11505
Building Details
Floors in Building
1
Number of units
40
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Lori Bonarek Realty
(815) 518-2300
Listed By:
Lori Bonarek · License #471022278
(815) 518-2300
Added: Jun 16, 2025
Changed: Jul 30
Last Checked: Jul 30 at 6:06PM
MLS# 12393172
Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This listing features an investment opportunity consisting of two multi-family properties located at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion. The properties offer a total of 41 residential units, including 24 studio apartments, ten one-bedroom units, four handicap-accessible one-bedroom units, and two two-bedroom units. Both buildings operate under HUD housing requirements, serving residents who are 62 years of age or older or individuals with qualifying disabilities. The properties are well-maintained and provide amenities such as a community room and coin-operated laundry facilities. These buildings represent a turnkey portfolio with income potential in the affordable housing sector. The lot size is 1.06 acres.
Key Highlights
- Portfolio includes two multi‑family properties at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion
- Total of 41 residential units: 24 studio, ten 1‑bedroom, four handicap‑accessible 1‑bedroom, and two 2‑bedroom units
- Both buildings operate under HUD housing requirements for residents 62+ or with qualifying disabilities
Property Analytics
Property Profile
Current Use
Lease Details
41
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
Explore this area
Business Placement
Demographics for 61238, IL
3,028
Population
1,158
Households
2.6
Avg Household Size
44
Median Age
19%
College-Educated
94%
High-School Grad
101.3 sq mi
ZIP Area
30
Density / Sq Mi
$75,294
Median Household Income
$33,500
Median Earnings
$1,044
Median Rent
$129,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two multi-family properties with 41 units, strong occupancy history.
Where is this apartment building located?
The property is located at 603 N Prospect Street Cambridge, IL.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Portfolio includes two multi‑family properties at 603 N. Prospect Street, Cambridge and 503 10th Avenue, Orion; Total of 41 residential units: 24 studio, ten 1‑bedroom, four handicap‑accessible 1‑bedroom, and two 2‑bedroom units; Both buildings operate under HUD housing requirements for residents 62+ or with qualifying disabilities
